The jackpot for the Powerball draw on Mon Nov 3, 2025, is projected to be $419 Million, with an option for a cash payout of $198 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Mon Nov 3, 2025 |
|---|
| Draw Date | Mon Nov 3, 2025 | | Projected Jackpot | $419,000,000 | | Cash Value | $198,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $198,000,000 | | Federal Tax(24%) | $47,520,000 | | Additional Federal Tax | $25,700,330 | | State Tax(8.82%) | $17,463,600 | | Net Lumpsum Payment | $107,316,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,306,369 |
$2,293,687
$556,222 |
$3,456,460 |
| 2 |
$6,621,876 |
$2,410,425
$584,049 |
$3,627,402 |
| 3 |
$6,952,886 |
$2,532,898
$613,245 |
$3,806,743 |
| 4 |
$7,300,656 |
$2,661,573
$643,918 |
$3,995,165 |
| 5 |
$7,665,605 |
$2,796,604
$676,106 |
$4,192,895 |
| 6 |
$8,048,990 |
$2,938,457
$709,921 |
$4,400,612 |
| 7 |
$8,451,230 |
$3,087,285
$745,398 |
$4,618,547 |
| 8 |
$8,874,001 |
$3,243,711
$782,687 |
$4,847,603 |
| 9 |
$9,317,722 |
$3,407,888
$821,823 |
$5,088,011 |
| 10 |
$9,783,650 |
$3,580,281
$862,918 |
$5,340,451 |
| 11 |
$10,272,623 |
$3,761,201
$906,045 |
$5,605,377 |
| 12 |
$10,786,317 |
$3,951,268
$951,353 |
$5,883,696 |
| 13 |
$11,325,570 |
$4,150,791
$998,915 |
$6,175,864 |
| 14 |
$11,892,058 |
$4,360,392
$1,048,880 |
$6,482,786 |
| 15 |
$12,486,619 |
$4,580,379
$1,101,320 |
$6,804,920 |
| 16 |
$13,110,929 |
$4,811,374
$1,156,384 |
$7,143,171 |
| 17 |
$13,766,245 |
$5,053,841
$1,214,183 |
$7,498,221 |
| 18 |
$14,454,662 |
$5,308,555
$1,274,901 |
$7,871,206 |
| 19 |
$15,177,437 |
$5,575,982
$1,338,650 |
$8,262,805 |
| 20 |
$15,936,246 |
$5,856,741
$1,405,577 |
$8,673,928 |
| 21 |
$16,733,184 |
$6,151,608
$1,475,867 |
$9,105,709 |
| 22 |
$17,569,927 |
$6,461,203
$1,549,668 |
$9,559,056 |
| 23 |
$18,448,151 |
$6,786,146
$1,627,127 |
$10,034,878 |
| 24 |
$19,370,789 |
$7,127,522
$1,708,504 |
$10,534,763 |
| 25 |
$20,339,098 |
$7,485,797
$1,793,908 |
$11,059,393 |
| 26 |
$21,356,430 |
$7,862,209
$1,883,637 |
$11,610,584 |
| 27 |
$22,424,042 |
$8,257,226
$1,977,801 |
$12,189,015 |
| 28 |
$23,545,286 |
$8,672,086
$2,076,694 |
$12,796,506 |
| 29 |
$24,722,676 |
$9,107,721
$2,180,540 |
$13,434,415 |
| 30 |
$25,958,726 |
$9,565,059
$2,289,560 |
$14,104,107 |
|
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